secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001628280-25-039283
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific Q2 revenue $78.6M, down 44% YoY; net loss $936.8M on warrant adjustments
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- Total revenue $78.6M, down from $141.1M YoY; digital asset self-mining revenue $62.4M (down 44%).
- Net loss $936.8M primarily due to $910M non-cash fair value adjustments on warrants and CVRs.
- Adjusted EBITDA $21.5M vs $46.0M YoY; colocation revenue grew to $10.6M from $5.5M.
- Bitcoin mined decreased 62% YoY, partially offset by 50% higher average bitcoin price.
- Pending CoreWeave acquisition: all-stock at exchange ratio 0.1235; requires stockholder approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828025039283/0001628280-25-039283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828025039283/core-20250808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-039283

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer